Insurance WTF ...

[mph999]

Sorry for the rant, but I'm almost speechless ...

Due to an illness (my father) we are going away before he goes into hospital for treatment.

My car is too small for all x4 of us, as so we need to take his. To make things easier, and in the (hopefully unlikley) event he does not feel so good at some point, we planned to add me onto his insurance. I can drive his car 3rd party on mine, but would rather not.

We are both insured via the IAM scheme as we are both IAM members.

I'm 39, no accidents, claims etc ...

My dads car, Volvo S40 D5 (so 180 bhp or theresabouts ... )

Cost to add me to the policy ... £259

For interest, they insure me on my C30 for somewhere around £350, so I don't think they see me as that high a risk.

I'm sorry, but I really can't work out the logic behind that quote.

M

[base]

Some insurance companys are cheap subject to no changes on the policy, but make their money on admin fees and alterations,

Pay your money take your chances and all that.

for me it worked out cheaper to open a new motorcycle policy without any no claims bonus than to add to a current policy I have running, that has 11 years NCD

Edited by base on Monday 8th April 20:53

[2 sMoKiN bArReLs]

I guess they are the only people who have the commodity you require. They've priced accordingly.

(Just guessing)

[mph999]

base said:

Some insurance companys are cheap subject to no changes on the policy, but make their money on admin fees and alterations,

Pay your money take your chances and all that.

for me it worked out cheaper to open a new motorcycle policy without any no claims bonus than to add to a current policy I have running, that has 11 years NCD

Edited by base on Monday 8th April 20:53

Fair point, though of the £259, only £10 was quoted as the admin fee.

[base]

mph999 said:

base said:

Some insurance companys are cheap subject to no changes on the policy, but make their money on admin fees and alterations,

Pay your money take your chances and all that.

for me it worked out cheaper to open a new motorcycle policy without any no claims bonus than to add to a current policy I have running, that has 11 years NCD

Edited by base on Monday 8th April 20:53

Fair point, though of the £259, only £10 was quoted as the admin fee.

I would assume your father is over the "saga" (ie 65?) age maybe it is a insurance company that only deal in "those risks" I agree common sense should dictate but it doesn't.

How many bikes can i ride at one time? it is what it is we all say insurance companies are theiving ........... but with false claims from people, claims companies, garages etc charging sky high prices for "insurance work" things like this are always going to happen.

[sticks090460]

I presume you've informed the company of his illness (whatever it may be) if it affects his fitness to drive, which from your post it might(?) If not, you should.

[mph999]

base said:

I would assume your father is over the "saga" (ie 65?) age maybe it is a insurance company that only deal in "those risks" I agree common sense should dictate but it doesn't.

How many bikes can i ride at one time? it is what it is we all say insurance companies are theiving ........... but with false claims from people, claims companies, garages etc charging sky high prices for "insurance work" things like this are always going to happen.

Yes, he is 75, but as mentioned we are both under exactly the same insurance company. It's not an over 65 policy.

[mph999]

sticks090460 said:

I presume you've informed the company of his illness (whatever it may be) if it affects his fitness to drive, which from your post it might(?) If not, you should.

He has done.

He's had radio + chemotherapy which has now ended (for the moment) and the peak point of the treatment was a couple of weeks back when he wasn't too good for just a couple of days, for which he didn't drive.

According to his consultant, after this point (which has passed) he should have no effects from the treatment. The cancer itself is not causing any issues (in fact it was only detected due to another unrelated issue) and so we're not foreseeing any issues, but common sense would perhaps suggest that an alternative driver would not be a bad idea.

Plus, I wanted to give him a 'break'.

M